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Fabricated Metal Product Manufacturing Industry Overview

Excerpt from Fabricated Metal Product Manufacturing Report

Companies in this industry transform purchased metals into intermediate or end-use products by forging, stamping, bending, forming, welding, machining, and assembly. Major companies include Ball Corporation, Flowserve, Mueller Industries, Snap-On, and The Timken Company (all headquartered in the US), as well as Jiangsu Guotai International (China), Schaeffler Technologies (Germany), and Toyo Seikan Kaisha (Japan). Because of the special manufacturing processes involved for individual parts, most companies make a limited range of products.

Competitive Landscape

Demand is driven largely by the needs of other industrial companies and is therefore linked to economic growth. The profitability of individual companies depends on technical expertise and efficient manufacturing. Large companies have economies of scale in purchasing raw materials. The specialized nature and use of many products allows smaller companies to compete effectively.

Products, Operations & Technology

Major segments of the fabricated metal products industry include architectural and structural products; forging and stamping; machining; cutlery, tools, and kitchenware; boilers, tanks, and containers; hardware; springs and wires; coating, plating, and polishing; and valve and pipe manufacturing. Leading sources of revenue include fabricated structural and architectural metal products (20 percent), along with machine shops; boilers, tanks, and containers; and coating, engraving, and heat treating (each about 10 percent). Other major products and services include industrial valves and metal stamping.

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